Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Deals of the day-Mergers and acquisitions

Published 22/12/2018, 07:55 am
Updated 22/12/2018, 07:55 am
Deals of the day-Mergers and acquisitions

(Adds Total , Woodford Investment Management, Fagerhult AB)

Dec 21 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:

** Sweden's Fagerhult AB FAG.ST said it had signed a deal to acquire Italian lighting group iGuzzini illuminazione S.P.A. for a total enterprise value of 385 million euros ($438 million) on a cash and debt-free basis. French energy giant Total TOTF.PA is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said. Woodford Investment Management, the investment house owned by influential fund manager Neil Woodford, cut its stake in troubled British builder Kier Group Plc KIE.L by about 2 percent, a regulatory filing showed. U.S. private equity giant KKR KKR.N has launched a 431.7 million euro ($493 mln) takeover offer for Spain's Telepizza TPZ.MC after buying around a quarter of the fast-food restaurant chain's shares. Indonesia's state-owned miner PT Inalum took control of the local unit of Freeport-McMoRan Inc FCX.N , operator of the world's second-biggest copper mine Grasberg, with the closure of a $3.85 billion deal. Japanese retail giant Aeon Co 8267.T and top Thai retailer Central Group have teamed up with Austrian investor Rene Benko to help expand his online sports retail business in Asia before the 2020 Olympics in Tokyo. Investment fund QuattroR has agreed to buy a stake of up to 80 percent in Trussardi even though the Italian fashion house needs a few more weeks to finalise details with creditor banks before signing off on the deal, two sources said. French energy giant TOTF.PA is in advanced talks with Albion Energy and First Alpha Energy Capital, two privately owned firms, on the sale of some of its British North Sea assets, according to two industry sources. Online food delivery company Takeaway.com TKWY.AS has won the long struggle for supremacy in the German market, agreeing to buy larger rival Delivery Hero's DHER.DE activities in the country in a 930 million euro ($1.1 billion) deal. RPC Group Plc RPC.L yet again pushed the deadline by which Apollo Global Management APO.N must make a firm offer to buy the London-listed plastics packaging firm or walk away. Perspektiva, a company affiliated with the owners of meat producer Cherkizovo Group GCHE.MM , wants to buy poultry meat producer Belaya Ptitsa Kursk, Vedomosti business daily reported. Indonesia Financial Service Authority (OJK) has approved the merger of PT Bank Tabungan Pensiunan Nasional (BTPN) BTPN.JK and PT Bank Sumitomo Mitsui Indonesia, the banks said. Spain's government said it had extended the sale period of its stake in Bankia BKIA.MC until the end of 2021 from the original date of before the end of 2019. Broadband provider Liberty Global plc LBTYA.O said that it would sell its DTH satellite TV operations to M7 Group for a total enterprise value of about 180 million euros ($206.41 million) on a U.S. GAAP basis. Sweden's national pension fund has sold its preference shares in Volvo Cars after concluding it saw no clear intention to list within the next 12 months from the Geely-owned carmaker. The Federal Communications Commission approved Gray Television Inc's GTN.N $3.5 billion bid to acquire Raycom Media Inc RYCMD.UL . Austrian bank BAWAG Group BAWG.VI has agreed to make two acquisitions of German and Swiss companies specialising in the dental sector for an undisclosed amount, it said. Marlboro cigarette maker Altria Group (NYSE:MO) Inc MO.N will buy a 35 percent stake in Juul Labs Inc for $12.8 billion, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make inroads among smokers. Delivery Hero SE DHER.DE , the world's biggest online food delivery firm, said it is selling its German food delivery operations to Netherlands-based Takeaway.com NV TKWY.AS for 930 million euros ($1.07 billion). Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll. U.S. game software firm Zynga Inc ZNGA.O said it would buy a majority stake in Finland's Small Giant Games, maker of the popular Android game Empires & Puzzles, for about $700 million, in a move to strengthen its mobile game portfolio. Australia's Healthscope Ltd HSO.AX said it has extended exclusive takeover talks with suitor Brookfield Asset Management Inc BAMa.TO by a month, and that a rival suitor remained interested, potentially re-igniting a bidding war. Del Frisco's Restaurant Group Inc DFRG.O said it is evaluating options for its business, including a possible sale amid pressure from activist investor Engaged Capital. HSBC Holdings' HSBA.L Asia Pacific insurance unit has received regulatory approval to divest its 49 percent stake in the Malaysian life insurance joint venture to Hong Kong-based FWD Group, owned by tycoon Richard Li.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.